Svmuu News: Documents declassified last Friday reveal that, during a meeting with the Department of Justice in January, attorneys for Federal Reserve Chairman Jerome Jerome Powell raised the possibility that Jerome Powell might remain on the Federal Reserve Board of Governors after his term as chairman ends in May—a decision that would break with precedent. These documents are part of a case in which Federal Reserve is attempting to block the Department of Justice from issuing subpoenas in connection with its criminal investigation into Jerome Powell’s handling of the renovation of the central bank’s Washington headquarters.Last Friday, a district court judge ruled in favor of Federal Reserve, blocking the subpoenas. During arguments on a motion opposing Federal Reserve, a Department of Justice attorney stated that at a January 29 meeting, Jerome Powell’s lawyer told U.S. Attorney Jeannine Pirro:“The Chairman (Jerome Powell) believes that if he remains under investigation, he will not leave the board even after his term expires; and while he cannot assert the reverse, the Chairman’s situation would be different if he were no longer facing a criminal investigation, at which point he would be free to make decisions focused on his family.” (Reuters)